Artificial Intelligence (AI) is changing sectors quickly, and commercial real estate is no different. Global companies are increasingly utilizing AI-powered solutions to assist with lease abstraction and administration. These tools help with accuracy, speed, and compliance. Many companies are looking into AI-driven solutions, but it’s just as vital to remember that these tools need to be used with human experience to work well.

The Rise of AI in Lease Management

AI lease abstraction tools use machine learning and natural language processing (NLP) to pull out important legal and financial information from lease agreements. They claim to be faster and more accurate than doing things by hand. By the end of 2025, more businesses are likely to use AI in their leasing management to stay ahead of the competition.

Benefits Over Traditional Methods

• A significant drop in the amount of time spent on abstraction
• Better consistency of data across big portfol